On November 14, 1979, by Executive Order 12170, the President
declared a national emergency with respect to Iran pursuant to the
International Emergency Economic Powers Act (50 U.S.C. 1701-1706) to
deal with the unusual and extraordinary threat to the national
security, foreign policy, and economy of the United States constituted
by the situation in Iran. Because our relations with Iran have not yet
returned to normal, and the process of implementing the January 19,
1981, agreements with Iran is still underway, the national emergency
declared on November 14, 1979, must continue in effect beyond November
14, 2002. Therefore, in accordance with section 202(d) of the National
Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year this
national emergency with respect to Iran.

This notice shall be published in the Federal Register and
transmitted to the Congress.